Torrent The Goal A Process Of Ongoing Improvement

While some rotation has occurred beneath the surface this week, the three major indexes have largely moved sideways as traders await more economic and earnings data. And the earnings momentum and the earnings leverage for these areas is still positive.' And this year and next we expect above-trend economic growth. 'And the second part is, why did they underperform for so long is because we had really slow economic growth. Yes, they had a big run this year, but they've trailed for about 14 years, so we've had a long underperformance cycle,' he added. but when we look at the fundamental drivers behind that trade, they're still intact,' Keith Lerner, Portfolio & Market Strategist at Truist Advisory Services, told Yahoo Finance. Some strategists however, have downplayed these apprehensions. This rotation has occurred in part as concerns mount over higher inflation, with an extended period of higher prices potentially weighing on the strength of the economic recovery and stocks levered to economic growth. The advance in these has come at the expense of cyclical and value stocks and other shares that have comprised the 'reopening trade,' however. Technology stocks have outperformed this week, with traders jumping back into the growth names that had underperformed so far for the year-to-date. The Dow extended gains to add more than 300 points, or nearly 1%.

The S&P 500 and Nasdaq each set record intraday highs.

Stocks rose to record levels Thursday as investors digested another batch of key economic data and an announcement from President Joe Biden that he had reached a bipartisan infrastructure agreement with Senate lawmakers.

Torrent The Goal A Process Of Ongoing Improvement